Notes on Historical Perspectives of Traditional Markets and Market Authority in African Systems: Evidence From Nigeria

Abstract

This chapter provides an insightful exploration into the often neglected narratives within isolated African markets, with a specific focus on Nigeria. Contrary to the prevailing belief that traditional market systems are outdated, this study argues for their enduring relevance in fostering economic development in the region. By delving into the unique dynamics and historical context of Nigerian markets, this chapter challenges conventional perspectives and offers a fresh perspective on the continued importance of traditional market systems. It unveils the intricate web of market relationships that have nurtured economic activities, showcasing the adaptability and endurance of these markets amidst changing circumstances. Ultimately, this chapter underscores the vital role of Nigerian markets in fostering economic development, highlighting their potential as engines of growth and agents of change within the African context.

Citation

Omeihe, K.O. and Omeihe, I. (2023), "Notes on Historical Perspectives of Traditional Markets and Market Authority in African Systems: Evidence From Nigeria", Harrison, C. and Omeihe, K.O. (Ed.) Contextualising African Studies: Challenges and the Way Forward (New Frontiers in African Business and Society), Emerald Publishing Limited, Leeds, pp. 153-167. https://doi.org/10.1108/978-1-80455-338-120231008